This paper aims to investigate market participants' reactions to sequential information, presenting firm-specific news and market-wide information. Experimental study takes place in the COVID-19 pandemic era, as market-wide information representation. We also provide firm-specific information in...

I examine whether contracts that obligate the customer to periodically disclose to the supplier its forecast of future demand for the supplier's products (“DF contracts”) influence the supplier's reliance on stock prices when making corporate investment decisions. If managers find customer...

This study examines whether and how risk disclosures in Management Discussion and Analysis (MD&A) affected the stock price crash risk of China's publicly listed firms over the period of 2017-2021. The empirical results show that risk disclosures within the MD&A section are signif‑ icantly and...